RBN Energy Weekly Supply Update

Bottom Line: Nationwide inventories reach above this time last year, 5-year minimum.

RBN Energy analysis shows that U.S. propane stocks remain at 68 MMbbl – without growth this week – which is 738 Mbbl below this time last year and 193 Mbbl lower than the five-year minimum. Due to a large draw from inventories in the East Coast, the region’s stocks dropped to 6.4 MMbbl, below this time last year and slightly above the five-year minimum. The Gulf Coast inventories grew to reach above this time last year and 2.8 MMbbl over the five-year minimum. The Midwest experienced a low build of only 174 MMbbl, bring total inventories to 574 MMbbl below this time last year and at the bottom of the five-year range.

Access the full weekly report to read more about the current inventory levels and likely causes, including the impact on exports of ongoing lock-downs in China and the geopolitical conflict in Europe.  Visit NPGA’s Inventory Trends section for the full weekly report, monthly report, and data analysis.

Questions? Contact NPGA Vice President, Regulatory & Industry Affairs Sarah Reboli.